I would like to know your opinion regarding the future of SOL.
What do you think the future of SOL will be?
Are there any new projects worth reading about?
How big problem do you think dumping by ex-FTX members/SBF is?
Do yourself a favor and go use dApps on chain if you’re looking for conviction.
Phantom wallet. MarginFi, Drift, Jito, DRiP.
Ftx has been dumping it… and it’s all being bought up and the price is still rising, what does that tell you
Avax has the best tech by far:
Imagine Ethereum, a thousand chains like it, but transactions take >1s, low fees and no congestion.
Imagine Solana, a thousand chains like it, but its supports solidity cross compiles, and transactions finalise 6x faster.
All communicating natively without bridges.
There is no single chain that can carry a 100M DAU app, let alone several of them.
A network of interoperable composable chains geo/load balancing for a single mass adopted app however, could.
This is some dumb af Hopium
SOL is not flipping ETH.
If uptime is proven, good developer experience, firedancer proves itself, people start using it for payments, etc all as a L1? They’ll have something that no one else has
For selfish reasons I wouldn’t mind a pullback when FTX sells off some of their SOL. I’d like to continue to add and I hate that my avg price is approaching $30.00. The run this year and just this past month has been nuts. Wish I had more cash to load up when it was $17.00 but I’m poor.
The only news is that Sol price is going up, that’s all we need to know
🦠🦠🦠Check out some crypto news sites… lol
People are so lazy to do their own research these days. Would rather have someone else explain to them why solana is doing well or if it will do well in the future… 🪬🪬
won’t flip. coin will always be tainted by SBF. the crypto space views vitalitk second only to satoshi. all that being said i’m sure SOL price action is great the next year or two.
I think it can make the #3 market cap spot.
Does that take into account USDT?
its gonna flip eth just cause it pumped off a bottom ? Get real.
I don’t think SOL will ever flip ETH unless you are betting on the total failure of ETH. However, it will likely limit ETH’s upside as SOL continues to grow.
Very difficult to flip ETH in the short and medium term. The ecosystem needs to keep growing before considering that scenario.
It isn’t impossible in the long term. But there is no need to sell smoke right now. Solana has huge potential, but let’s walk the road.
FTX and Alameda already sold in the market most of the SOL that was available to try to save themselves . The rest was locked for many years. Also, liquidation is a very long process. Mt, Goax is still liquidating since 2013-14. So no “dump” is coming soon.
Actually the FTX collapse was a blessing in disguise. So Solana is now stronger than the last year.
Solana just needs to keep getting better. The firedancer client is very promising. It improves scalability and decentralization at the same time. And it’s already in beta.
This is what I thought but then the eth fees jumped to $100 today after etf speculation SMH. Been holding eth since 2019. Was thinking of selling most of it for sol and regret not having done it
Price is still only $2040, that’s the Bitcoin push only. ETH hasn’t done well yet.
Wrong. Most of SOL tokens are still locked and 600000+ SOL is being unlocked every month as we speak.
https://docs.google.com/spreadsheets/d/13nUTrm59lUjOiQPbtXD44JW0KLm-OXmZLMURzZeu888/edit#gid=0
If you check on-chain they have been selling now. It is a surprise that the price went up instead but whether this is sustainable or not I don’t know.
So you are telling they already being selling whatever was unlocked, and the rest will take 7 years to unlock iin a monthly basis? I don’t see how is much different.
The number on unlocked monthly new SOL isn’t very high compared to the daily volume of SOL. and more importantly, Solana is still undervalued when compared to the fundamentals.
Actually the number of unlocked Solana isn’t very different to the selling pressure of Bitcoin miners
Long term, VCs would have sold everything.
The majority of it is to be unlocked. Your statement made it like it’s all resolved so I corrected it.
Also supply and demand dynamics is difficult thing to predict. And you’re making lots of hypotheses there.